Dmatrx fails to provide executive or ownership information on its website.

Dmatrx’s website domain (“dmatrx.com”), was privately registered on April 24th, 2023.

Of note is Dmatrix citing Singapore time on their website;

To receive profits at 00:00 Singapore time, please add Singapore time to the phone clock to view.

While not definitive, this suggests whoever is running Dmatrx might be based out of Singapore.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Belgium’s Financial Services and Markets Authority has issued an Intelligence Prime Capital fraud warning.

The FSMA cites Intelligence Prime Capital as a “new fraudulent trading platform”. A bit odd considering the Ponzi scheme collapsed in February 2022. [Continue reading…]

Family First Life has settled another robocall fraud lawsuit filed against it, this time in Florida. [Continue reading…]

Former Investview CEO Joseph Cammarata has been sentenced to ten years in prison for recovery scamming.

Cammarata will also have to pay $31.2 million in restitution. [Continue reading…]

French authorities have dropped the ball, allowing OneCoin’s Frank Schneider to flee pending extradition to the US. [Continue reading…]

Four days after Luxembourg’s Commission de Surveillance du Secteur Financier issued a securities fraud warning, IM Mastery Academy held a marketing event in Kirchberg on May 29th.

Police raided the event, which targeted “young students”, after receiving complaints from parents.

The raids led to the arrest of several organizers of the event. IM Mastery Academy’s founder Chris Terry doesn’t appear to have been in attendance. [Continue reading…]

On May 16th BehindMLM reported Manifest was committing securities fraud via Simply Success.

Less than 24 hours later Simply Success was abandoned. Now Manifest’s securities fraud is going by The Latest Wave. [Continue reading…]

The UK’s Financial Conduct Authority has announced

a crackdown on financial advertising amid concerns about “the ease and speed with which people can make high-risk investments”.

Of note is the banning of “refer a friend” commissions, which all MLM crypto schemes offer. [Continue reading…]

38Aladdin represents itself to be a Chinese company operating as a subsidiary of 38Fule.

ALADDIN SHOP operates as a subsidiary of 38 Fule Technology Group, a prominent participant in the health and wellness industry known for its exceptional product quality and innovation.

38Fule is an actual company that sells various health and wellness products.

As tracked by SimilarWeb however, 38Fule’s website traffic is dead. The company’s official FaceBook page was abandoned in November 2018.

As far as I can tell, 38Fule is a dead company.

38Fule was founded by Yuan Xiaofeng, who appears on 38Aladdin’s website:

38Aladdin’s website domain (“38aladdin.shop”), was privately registered on February 9th, 2023.

I can’t say for sure but it appears Xiaofeng’s likeness has been misappropriated. Xiaofeng features in some 38Aladdin marketing videos, but this appears to be old stock footage that predates 38Aladdin.

David Hillhouse is an actual person too. Earlier this year in an interview with Eye Shenzen, Hillhouse revealed he’s a US actor from California who migrated to China in or around 2017.

Aside from acting, Hillhouse runs an electronics company in Shenzhen. He finds the city a livable city for expats.

“Shenzhen is a nice place. There are always good shopping malls, and there’s good quality food every place I’ve been to in Shenzhen,” he said.

Eye Shenzen credited Hillhouse with playing “chief commander in the technology center” in the January 2023 film The Wandering Earth 2.

I tried verifying Hillhouse’s role but it was too minor to show up on IMDB’s full cast list.

Whatever the case, Hillhouse is an actor playing CEO of 38Aladdin. This ties in with the potential misappropriation of Yuan Xiaofeng.

As opposed to Xiaofeng, Hillhouse appears in 38Aladdin marketing videos.

Hillhouse at the very least knows he’s fronting a bogus company.

One last thing to note is, despite 38Aladdin’s representation of being a Chinese company, its official FaceBook page is managed from Singapore.

Chinese scammers typically operate from Hong Kong of Singapore. And this again ties into an actor CEO and misuse of Xiaofeng’s likeness.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

The USFIA Receiver is looking to to make a second ~$5 million distribution to victims. [Continue reading…]